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604 Credit Score

Is it good or bad?

Your score falls within the range of scores, from 600 to 650, that is considered fair. A 604 CIBIL Score is a below the average score credit score.

A 604 CIBIL Score is a below the average score credit score.

Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications. Other lenders that specialize in 'subprime' lending, are happy to work with consumers whose scores fall in the Fair range, but they charge relatively high interest rates and fees.


Think of your Credit Score of 604 as a base to jump to higher scores. Raising your credit score is a gradual process, but it's one you can begin right away. For insights into the specific causes of your score, and ideas on how to improve it, get copies of your credit reports and check your CIBIL Credit Score. Included with the score, you will find score-improvement suggestions based on your unique credit history. If you use those guidelines to adopt better credit habits, your score may begin to increase, bringing better credit opportunities.


Consider a credit-builder gold loan
Consider a credit-builder gold loan
Gold loans can help build borrowers' credit profiles, by demonstrating the ability to make regular monthly payments. When you take a doorstep gold loan with indiagold, you get a loan where you only need to pay the interest amount without worrying about the principal repayment. Gold loans at indiagold also have a very low interest rate, starting at just 0.77% per month. Once you've paid off enough installments, you get your gold back. Moreover, pickup and release of gold from your home are free. It's a neat way to not only utilize the gold that may be lying as a dead asset at your home, but also bump up your repayment history in front of the national credit bureaus, which can lead to credit-score improvements.
Pay your bills on time
Pay your bills on time
Paying your bills on time is the most important thing you can do to improve your credit score. It shows lenders that you are responsible with your money and that you can be trusted to pay back what you borrow.
Avoid high credit utilization rates
Avoid high credit utilization rates
Credit utilization, or debt usage, is the basis for about 30% of your Credit Score. Keep your utilization rate below about 30% can help you avoid lowering your score.